245
245
Feb 2, 2013
02/13
by
CNBC
tv
eye 245
favorite 0
quote 0
south carolina congressman nick mulvaney from the joint economic committee. we appreciate your insight as always. let's get right back to our panel. brian kelly, jim iuorio, and jim pethokoukis. you know, brian kelly, it is interesting. some numbers coming out. the last time we were at the 14,000 mark in the fourth quarter of 2007, price-earnings multiple 22 times. 22 times. right now i think a little bit under 14. is that fair? maybe 13.8. i don't know what the exact number is. the average long term is 15 times. now, that tells me the valuations are pretty reasonable based on profits. >> yeah. and that is the bold case for the rest of this market is valuations certainly aren't stretched. i think if you want to be bearish you could probably look inside a lot of these numbers and find something that might not work. you have to assume that forward -- those forward earnings are correct, which if you look at some of maybe the ibm numbers and the vmware, those guys are saying, listen, corporations are starting to slow down in the fourth quarter. so if you start to
south carolina congressman nick mulvaney from the joint economic committee. we appreciate your insight as always. let's get right back to our panel. brian kelly, jim iuorio, and jim pethokoukis. you know, brian kelly, it is interesting. some numbers coming out. the last time we were at the 14,000 mark in the fourth quarter of 2007, price-earnings multiple 22 times. 22 times. right now i think a little bit under 14. is that fair? maybe 13.8. i don't know what the exact number is. the average...
91
91
Feb 27, 2013
02/13
by
CNBC
tv
eye 91
favorite 0
quote 0
dollar tree, and great gatsby nick caraway. and how about the all-time high, home depot. three-point jump macy's moving up another buck and walmart continuing to run, despite endless attempts by portraying the company having a dim view of the future. something by the end of the show saying jcpenney stinks, oh, i threw that out there, more at the ends of the show. why did darden, zoom higher? the parent of chilchile's goes buck? and great chicken burrito at cbc, opened up the whole studio, a big chipotle bar, it was fabulous. you think you get these kinds of moves in stocks when the people at home be moneying? whoa is me, you get the check this time. isn't housing peaking? remember toll brothers? i say look out. and new cramer speculative fave radiant. priced 33 million shares at 8 bucks and managed to close at 8.45. this one goes much higher. much, much higher, the kind of balance sheet. how on earth can i recommend a housing stock when we're in annie day situation with the fed? when the fed will stop keeping rates down and take away the bunch bowl as last month's fed min
dollar tree, and great gatsby nick caraway. and how about the all-time high, home depot. three-point jump macy's moving up another buck and walmart continuing to run, despite endless attempts by portraying the company having a dim view of the future. something by the end of the show saying jcpenney stinks, oh, i threw that out there, more at the ends of the show. why did darden, zoom higher? the parent of chilchile's goes buck? and great chicken burrito at cbc, opened up the whole studio, a big...
45
45
Feb 4, 2013
02/13
by
CNBC
tv
eye 45
favorite 0
quote 0
nick tweets, after being upgraded today by jeffries and with more than a 40% short interest, could deckers be headed higher? >> anything with the short interest like that you have to be afraid of. so, i would not be a short seller of the stock, but i wouldn't be excited about buying it. it bottomed out in november. >> pit boss, you're up next. bonner asks you, isn't netflix a short of these lofty levels? i mean, the stock has doubled in, like, two weeks. >> great point. and it's been on a run and actually this is a name we debated the other day on the halftime report. i still like it, but you can only like it right now using the options. because it's made such a rapid move to the upside. certainly the bottom could fall out. i like the name. but they are squeezing the shorts right now. >> did you watch the house of cards, the new netflix original series? >> no. >> i had a glass-eating contest that day. >> oh. wow. >> nice. how long have you been saving that one, b.k.? >> we got your first move tomorrow when we come right back. stay tuned. hello! how sharp is your business security? can it h
nick tweets, after being upgraded today by jeffries and with more than a 40% short interest, could deckers be headed higher? >> anything with the short interest like that you have to be afraid of. so, i would not be a short seller of the stock, but i wouldn't be excited about buying it. it bottomed out in november. >> pit boss, you're up next. bonner asks you, isn't netflix a short of these lofty levels? i mean, the stock has doubled in, like, two weeks. >> great point. and...
274
274
Feb 12, 2013
02/13
by
CNBC
tv
eye 274
favorite 0
quote 0
don't go too far, nick. i want to bring in jon fortt in cnbc in san francisco, who was in the room with tim cook. your reflections? >> i think the stock might have tanked when tim cook said they will spend a similar $10 billion on capital equipment they did before. a couple things were interesting to me. one, he talked about the way they attacked lower price points in the past saying people pressuring them to get a cheaper mac, netbook and they disrupted that market and the ipad's margins are a lot better than they would be on a really cheap pc. he said again and again pretty much we've seen this play out before and stressing things haven't fundamentally changed from his perspective and economics of the smartphone market, how apple attacks things, retailer thes doing well. talked about the halo effect of the ipad and a lot of people are buying it as their first device and then go and buy other devices. he said they expect margins to improve even though people are buying a cheaper thinner margin ipad mini ove
don't go too far, nick. i want to bring in jon fortt in cnbc in san francisco, who was in the room with tim cook. your reflections? >> i think the stock might have tanked when tim cook said they will spend a similar $10 billion on capital equipment they did before. a couple things were interesting to me. one, he talked about the way they attacked lower price points in the past saying people pressuring them to get a cheaper mac, netbook and they disrupted that market and the ipad's margins...
176
176
Feb 22, 2013
02/13
by
CNBC
tv
eye 176
favorite 0
quote 0
despite a pretty public war of words today, nick von shernling said he's keen to put the past behind him. >> i would say to matt and those shareholders, please, come behind us and support us. we have to get through this. otherwise, i'm not sure where we go. we're on the cusp of that and we can have a very exciting prospect in the next few months with a clear strategy and fresh board. >>> citigroup is bowing to shareholder pressure. the bank has overhauled its investor pay plan. citi will now better tie annual bonuses to performance and profitability and this news comes as the company has disclosed the new ceo michael corbatt was paid $1 1 million fr his work last year. take a look at citi shares, not moving much on a day when the xetra dax is up by 0.8%. >>> heinz's third quarter profit gets squeezed. that offset higher sales in emerging markets. global ketchup sales rose nearly 5% on strong growth. total revenues were up 2%, which was slightly shy of forecasts. the organic growth, though, and the emerging market potential potentially helping investors lay some concerns. shares down
despite a pretty public war of words today, nick von shernling said he's keen to put the past behind him. >> i would say to matt and those shareholders, please, come behind us and support us. we have to get through this. otherwise, i'm not sure where we go. we're on the cusp of that and we can have a very exciting prospect in the next few months with a clear strategy and fresh board. >>> citigroup is bowing to shareholder pressure. the bank has overhauled its investor pay plan....
199
199
Feb 28, 2013
02/13
by
CNBC
tv
eye 199
favorite 0
quote 0
mario was in the city of mun nick. he said we need to start thinking about an exit. if anything, mario draghi said inflation is going down and significantly less than the target of 2%. he's hinting at an interest rate cut. the results, as we close out markets for europe, the stock is at 600 despite all of the problems that we've had with italy, it is gaining, as you can see, overall. for the month of february, yes, those top 50 blue chips are in negative territory because a lot of those are banks and they are worried about what might happen in italy but it's flat. now there is a problem obviously with italy and you see a flight to safety from the bond market into the core germany. you'll see a divergence in the yields between the italian bonds. you see the yields rising in italy. thank you very much. in germany, obviously there is still a great concern there. i want to mention one more thing, carl, and that s. i need to take to you switzerland and show you what looks like a very innocuous news conference. in fact it is not. if you work for a european bank here in the
mario was in the city of mun nick. he said we need to start thinking about an exit. if anything, mario draghi said inflation is going down and significantly less than the target of 2%. he's hinting at an interest rate cut. the results, as we close out markets for europe, the stock is at 600 despite all of the problems that we've had with italy, it is gaining, as you can see, overall. for the month of february, yes, those top 50 blue chips are in negative territory because a lot of those are...
273
273
Feb 20, 2013
02/13
by
CNBC
tv
eye 273
favorite 0
quote 0
>> and europe was -- we have nick on today, i saw him yesterday. he was pretty negative on europe as well. it seems like there's a lot going on. >> add it all up then. >> you know what, it feels to me -- >> sub 2%? >> i think it will be very strange here. i think you will see very strong housing. housing will drive employment. because 25% of unemployment was construction driven. i think you will see good employment, unemployment better than we expect because of housing. i think the market will continue to be buoyant because the fed is forcing your hand to get into the market. the other thing that is a little strange because companies aren't seeing real organic growth and need it and made their efficiency gains over the five years, they will continue doing acquisitions. you will continue to see a good market. >> not encumbereded by a big bank. just say id. do these deals make sense to you? >> they make sense because the organic growth isn't there. when people have all this cash on hand, you have to do something with it. generally speaking over the l
>> and europe was -- we have nick on today, i saw him yesterday. he was pretty negative on europe as well. it seems like there's a lot going on. >> add it all up then. >> you know what, it feels to me -- >> sub 2%? >> i think it will be very strange here. i think you will see very strong housing. housing will drive employment. because 25% of unemployment was construction driven. i think you will see good employment, unemployment better than we expect because of...
109
109
Feb 7, 2013
02/13
by
CNBC
tv
eye 109
favorite 0
quote 0
nick colis had actual arithmetic proof yesterday about why this is not happening. he looked at the bond portfolios. if you take the average duration of the bond funds out there, you'd essentially have to get the ten-year to 4% before you started eating to house money where you'd actually start to see this mass exodus out of bonds. first fallacy, you're not seeing all this money come out of bonds into stocks. number two, you talked about it earlier today with mark hulbert. this is again the sentiment. look at the sentiment where it is. everybody's a bull. you see it happen with the s&p. you know there's a long-term history of negative correlation here. number three, take a look at this. i know doug cass it out. he's comparing things. that could be the s&p from november of this past year to right now. what that is is january 1st, 1987 to august 25th, 1987. it's an exact duplicate of what we've seen since qe forever was announced. why do i bring it up? the great bert dollman puts out the following. take a look at the next chart that shows what happened after this next
nick colis had actual arithmetic proof yesterday about why this is not happening. he looked at the bond portfolios. if you take the average duration of the bond funds out there, you'd essentially have to get the ten-year to 4% before you started eating to house money where you'd actually start to see this mass exodus out of bonds. first fallacy, you're not seeing all this money come out of bonds into stocks. number two, you talked about it earlier today with mark hulbert. this is again the...